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apostate wrote: ↑Tue Jul 31, 2018 2:27 pm

G26ster wrote: ↑Tue Jul 31, 2018 12:55 pm

apostate wrote: ↑Tue Jul 31, 2018 12:42 pm How is this fundamentally different from the Permanent Fund Dividend in Alaska?

The Alaska dividend is derived from funds the state receives from private companies that are harvesting Alaskan resources for profit.

Certainly the details are different but they're both fundamentally forms of wealth distribution, with a per capital benefit.

Have to respectfully disagree. Wealth distribution is when you take from one income group and give it to another. That's not the case in Alaska. If so, what income group is Alaska taking from? The money distributed is from investment the state makes with royalties received from corporations profiting from resources owned by the people of Alaska. The money distributed does not come from the oil companies, or the people of Alaska. Saying it's wealth redistribution is like saying the income you receive from your inestments is wealth redistribution.

apostate wrote: ↑Tue Jul 31, 2018 12:42 pm How is this fundamentally different from the Permanent Fund Dividend in Alaska?

The Alaska dividend is derived from funds the state receives from private companies that are harvesting Alaskan resources for profit. The funds are invested and the residents of the state get to share in the income derived from those investments. IOW, Alaskan residents are sharing in profits the state makes from the sales of resources that are owned by its residents. The last year I lived there, it was less than $300 annually. Not anything like the Stockton proposal.